What is Norwegian Cruise Line Holdings Receivables Turnover?
The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Norwegian Cruise Line Holdings's Revenue for the
three
months ended in Dec. 2023 was $1,986 Mil. Norwegian Cruise Line Holdings's average Accounts Receivable for the
three
months ended in Dec. 2023 was $260 Mil.
Hence, Norwegian Cruise Line Holdings's Receivables Turnover for the
three
months ended in Dec. 2023 was 7.64.
Norwegian Cruise Line Holdings Receivables Turnover Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Norwegian Cruise Line Holdings Receivables Turnover Chart
Competitive Comparison of Norwegian Cruise Line Holdings's Receivables Turnover
For the Travel Services subindustry, Norwegian Cruise Line Holdings's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Norwegian Cruise Line Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Norwegian Cruise Line Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Norwegian Cruise Line Holdings's Receivables Turnover falls into.
Norwegian Cruise Line Holdings Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Norwegian Cruise Line Holdings (NYSE:NCLH) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Norwegian Cruise Line Holdings Receivables Turnover Related Terms
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Norwegian Cruise Line Holdings (Norwegian Cruise Line Holdings) Business Description
Norwegian Cruise Line is the world's third-largest cruise company by berths (at more than 66,000), operating 31 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. The company had redeployed its entire fleet as of May 2022. With six passenger vessels on order among its brands through 2028 (representing 16,500 incremental berths), Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sails to around 700 global destinations.
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